FOAM

by FOAM Inc.

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Rise

by Rise

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Tendermint

by Interchain Foundation

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FOAM

by FOAM Inc.

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Rise

by Rise

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Tendermint

by Interchain Foundation

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What problem does this service solve?

FOAM aims to to bring location data to blockchains and enable consensus driven mapping.Rise hopes to create a blockchain platform that will have faster transaction times and will handle larger volumes.The Tendermint consensus algorithm secures transactions in the Cosmos ecosystem.

Token Stats

Not Relevant

Company Description

FOAM is developing a blockchain-based location service protocol for embedding physical locations in Ethereum smart contracts. The FOAM network will use radio beacons and will provide incentives for decentralized location services that will be given by network participants. Users will stake tokens to become zone anchors, that will work with radio beacons to return location data to the network. FOAM's Proof of Location protocol will be used to confirm consensus on the location of objects and entities in space and time.

Rise is building a blockchain development platform with dPoS consensus. Their protocol uses a Delegated Proof-of-Stake (dPoS) consensus mechanism and will be powered by the RISE coin. They hope to significantly improve transaction times and reduce fees, while providing developers with a tool set to create DApps in several programming languages.

Tendermint is a consensus algorithm that was created by a company called All in Bits. The open source algorithm is Byzantine Fault-Tolerant and uses an authenticated encryption system to secure transactions. The Tendermint consensus mechanism was developed in 2014 for the Cosmos Network. The Interchain Foundation, which is developing the Cosmos Network, continues to employ All in Bits to support Cosmos.

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